Job Duties:

• Associate, Collateral and Margin with Goldman Sachs & Co. LLC in New York, NY.
• Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments. – (% of time spent)
• Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement. – (10% of time spent)
• Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated. – (30% of time spent)
• Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client on-boarding. – (25% of time spent)
• Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues. – (10% of time spent)
• Reconcile portfolios and perform Collateral Optimization. – (<5% of time spent)
• Perform monthly Interest and coupon settlement. – (<5% of time spent)
• Perform a number of control functions, ensuring the integrity of our processes. – (10% of time spent)
• Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions. – (5% of time spent)
• Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations. – (5% of time spent)

Minimum education requirements/degree and field & minimum years’ experience required:

Bachelor’s degree (U.S. or foreign equivalent) in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field and 3 to 5 years of experience in job offered or a related operational role within the finance industry.

Prior experience must include 2-3 years of experience with:

• Ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
• Demonstrated willingness to dig into the details as needed to resolve operational and client-specific issues.
• Experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
• Demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
• Utilizing Excel macros and other functions, including vlookup and VBA.

ABOUT GOLDMAN SACHS:

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range

The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.